Brandywine Global Investment Management LLC reduced its position in shares of Leucadia National Corp. (NYSE:LUK) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 305,370 shares of the conglomerate’s stock after selling 4,449 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Leucadia National were worth $8,090,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Leucadia National by 1.9% in the fourth quarter. BlackRock Inc. now owns 21,188,997 shares of the conglomerate’s stock worth $561,297,000 after acquiring an additional 392,250 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of Leucadia National by 2.6% in the third quarter. Great West Life Assurance Co. Can now owns 5,439,841 shares of the conglomerate’s stock worth $136,360,000 after acquiring an additional 139,293 shares during the period. Geode Capital Management LLC grew its stake in shares of Leucadia National by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 4,681,821 shares of the conglomerate’s stock worth $123,835,000 after acquiring an additional 127,716 shares during the period. Schroder Investment Management Group grew its stake in shares of Leucadia National by 2.3% in the fourth quarter. Schroder Investment Management Group now owns 3,605,228 shares of the conglomerate’s stock worth $95,503,000 after acquiring an additional 80,477 shares during the period. Finally, Burgundy Asset Management Ltd. grew its stake in shares of Leucadia National by 0.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,978,872 shares of the conglomerate’s stock worth $78,910,000 after acquiring an additional 24,318 shares during the period. Institutional investors and hedge funds own 75.41% of the company’s stock.

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Shares of Leucadia National Corp. (NYSE LUK) opened at $24.41 on Friday. Leucadia National Corp. has a 12 month low of $22.23 and a 12 month high of $28.30. The company has a market cap of $8,656.94, a P/E ratio of 55.48, a PEG ratio of 0.74 and a beta of 1.30. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.06.

Leucadia National (NYSE:LUK) last announced its quarterly earnings results on Thursday, February 22nd. The conglomerate reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Leucadia National had a net margin of 1.81% and a return on equity of 6.25%. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same period in the previous year, the business posted $0.37 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. research analysts anticipate that Leucadia National Corp. will post 1.82 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Monday, March 19th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, March 16th. Leucadia National’s payout ratio is 90.91%.

A number of brokerages have recently commented on LUK. Zacks Investment Research upgraded shares of Leucadia National from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Wednesday, March 7th. TheStreet lowered shares of Leucadia National from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd.

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Leucadia National Company Profile

Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value. The Company’s segments, based on requirements are Jefferies, National Beef, and Corporate and other. Jefferies is a global full-service, integrated securities and investment banking firm.

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Institutional Ownership by Quarter for Leucadia National (NYSE:LUK)

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